OpenSea has announced a new zero-fee NFT aggregator in order to increase its market presence and recover part of the trading volume it had in the past. The new OpenSea Pro, as the product will be called, is just an acquisition made of a project called Gem. Thanks to this new decision, OpenSea believes that it will be easier for them to attract new investors and NFT traders.
OpenSea Launches “OpenSea Pro” for pro investors
OpenSea, one of the biggest NFT marketplaces, launched its new OpenSea Pro product, which is a re-branding of the previously called Gem marketplace. This month, OpenSea decided to finish the purchase of this platform and it is now attracting a new set of individuals that will get access to the NFT market in a different way.
The information released by OpenSea in a blog post a few days ago, reports that they are launching the “most powerful NFT marketplace aggregator” thanks to the new product rebranding. The official statement reads as follows:
“OpenSea Pro introduces a new level of optionality, selection, and control for pro collectors. Building on previous Gem designs, we’re excited to roll out a vastly improved (read: larger and more reliable) suite of features that will allow collectors to discover the best deals and insights across 170 marketplaces, and access sophisticated tools that meet their needs for automation.”
Some of the new services that will be offered by OpenSea include:
- Live Cross-Marketplace Data
- Advanced Orders
- Powerful Inventory Management
- Instant Sales
- Most Optimized Gas Fees
- Mobile Compatibility
- Other New Features
The Live Cross-Marketplace Data feature will let users discover collection activity across multiple marketplaces. The information provided will be updated in real-time. Thanks to advanced orders, users will have the chance to get access to the best NFT liquidity. In that way, users will get more control and understanding of their purchases, collections and more.
Furthermore, the inventory management option will let users get in full control of their inventory. The management of NFTs will be done effortlessly in a very user-friendly interface. Additionally, thanks to the instant sales option, users will be capable of aggregating every type of offer from a wide range of marketplaces, increasing users’ chances of selling at a higher price.
There will be many different and additional features added to the new OpenSea Pro platform. This is also a great way for OpenSea to increase its presence in the market after the rapid growth experienced by Blur. It could be a good moment to test this new platform and see what it can offer.
Blur Gains Territory and Trading Volume
Another thing that is worth taking into consideration is that Blur has been also growing in recent months. Thanks to its fast growth, there has been a large trading volume moving from OpenSea to Blur, which allowed this platform to become a strong competitor of OpenSea.
Not only Blur has different features that OpenSea was not offering, but it also launched a new token through an Airdrop that increased its popularity and presence in the market as well. Thanks to its intuitive interface, users can browse, buy and sell NFTs, similarly to what OpenSea offered.
Due to these reasons, OpenSea needed to increase its product offering and bring back the users that it once had. Many of these individuals and NFT lovers moved to Blur, as it was a more appealing platform in terms of solutions and features.
As the NFT market continues to grow, competition between NFT marketplaces is also increasing. Apart from OpenSea and Blur, there are other emerging players such as SuperRare, Nifty Gateway, and Foundation. These marketplaces differentiate themselves by offering different types of NFTs, such as digital art, music, and even tweets. Each platform also has its own set of unique features that attract different types of users.
As the NFT market continues to evolve, we can expect to see more innovative NFT marketplaces emerging with different approaches to cater to different types of users. It will be interesting to see how OpenSea Pro performs in this highly competitive market and whether it will be able to attract new users and regain its lost trading volume and presence in the non-fungible token market.